ALCO Stores (ALCS) Comps Down 1.7% in November
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ALCO Stores, Inc. (Nasdaq: ALCS) today announced that sales from continuing operations, excluding fuel, increased 2.7% to $42.4 million for the fiscal four-week period ended November 25, 2012, compared to $41.3 million during the same period of the prior year. On a same-store basis, excluding fuel, sales decreased 1.7% from a year earlier.
On a year-to-date basis, sales from continuing operations, excluding fuel, increased 1.8% to $383.0 million for the fiscal 43-week period ended November 25, 2012, compared to $376.2 million during the same period of the prior year. On a same-store basis, excluding fuel, sales decreased 1.3% from a year earlier.
Rich Wilson, President and Chief Executive Officer, commented, "We are pleased with ALCO's 2.7% increase in total sales, which reflects a good start to the holiday shopping season and the contribution of our newer stores. In particular, sales at our two newest locations in Cut Bank, Montana, and Tioga, North Dakota, are both exceeding forecast. On a same-store basis, performance in November was strong in key holiday-season businesses, primarily Toys, Electronics, Housewares, Domestics, Stationery and Christmas. In addition, the food and consumables businesses delivered same-store sales increases for November. Decreases in our Apparel business negatively impacted the total same-store sales by 2.3%, primarily as a result of lower sales of cold-weather apparel."
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On a year-to-date basis, sales from continuing operations, excluding fuel, increased 1.8% to $383.0 million for the fiscal 43-week period ended November 25, 2012, compared to $376.2 million during the same period of the prior year. On a same-store basis, excluding fuel, sales decreased 1.3% from a year earlier.
Rich Wilson, President and Chief Executive Officer, commented, "We are pleased with ALCO's 2.7% increase in total sales, which reflects a good start to the holiday shopping season and the contribution of our newer stores. In particular, sales at our two newest locations in Cut Bank, Montana, and Tioga, North Dakota, are both exceeding forecast. On a same-store basis, performance in November was strong in key holiday-season businesses, primarily Toys, Electronics, Housewares, Domestics, Stationery and Christmas. In addition, the food and consumables businesses delivered same-store sales increases for November. Decreases in our Apparel business negatively impacted the total same-store sales by 2.3%, primarily as a result of lower sales of cold-weather apparel."
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